{"id":1705,"date":"2024-03-28T22:43:19","date_gmt":"2024-03-28T17:13:19","guid":{"rendered":"https:\/\/lotusarise.com\/qna\/?p=1705"},"modified":"2024-04-03T07:16:20","modified_gmt":"2024-04-03T01:46:20","slug":"q-which-of-the-following-factors-policies-were-affecting-the-price-of-rice-in-india-in-the-recent-past","status":"publish","type":"post","link":"https:\/\/lotusarise.com\/qna\/upsc\/q-which-of-the-following-factors-policies-were-affecting-the-price-of-rice-in-india-in-the-recent-past","title":{"rendered":"Q. Which of the following factors\/policies were affecting the price of rice in India in the recent past?"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">(1) Minimum Support Price<br>(2) Government\u2019s trading<br>(3) Government\u2019s stockpiling<br>(4) Consumer subsidies<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Select the correct answer using the code given below:<\/p>\n\n\n\n<ul class=\"mcq wp-block-list\">\n<li>1, 2 and 4 only<\/li>\n\n\n\n<li>1, 3 and 4 only<\/li>\n\n\n\n<li>2 and 3 only<\/li>\n\n\n\n<li>1, 2, 3 and 4<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>Answer: (d) 1, 2, 3 and 4<\/strong><\/p>\n<\/blockquote>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"notes\">Notes:<\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li>All the factors\/policies mentioned have been affecting the price of rice in India in recent times.<\/li>\n\n\n\n<li>The Minimum Support Price (MSP) is the price at which the government purchases crops from farmers.\n<ul class=\"wp-block-list\">\n<li>The&nbsp;<strong>higher MSP would also dent Indian exporters\u2019 competitiveness in the global markets<\/strong>, which have turned to be a buyers\u2019 market.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>The government\u2019s trading and stockpiling policies also have an impact on rice prices.\u00a0<strong>When the government procures rice from the market and maintains large stockpiles, it can lead to a increase in prices<\/strong>. Similarly, when the government releases stockpiles into the market, it can lead to a decrease in prices.\n<ul class=\"wp-block-list\">\n<li>The government typically buys more than a third of the country\u2019s rice output at a fixed price, which also has a direct impact on prices paid by traders.&nbsp;<strong>With this price rise, the exports will become expensive.<\/strong><\/li>\n\n\n\n<li>Stockpiling usually occurs at times of an actual or expected shortage of a product or in anticipation of a price rise.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Consumer subsidies also have an impact on prices since they can reduce demand and thus prices. The&nbsp;<strong>impact of the consumer subsidy is to lower prices for consumers but to increase the price received by producers.<\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>(1) Minimum Support Price(2) Government\u2019s trading(3) Government\u2019s stockpiling(4) Consumer subsidies Select the correct answer using the code given below: Answer: (d) 1, 2, 3 and 4 Notes:<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[1,3],"tags":[38],"years":[53],"class_list":["post-1705","post","type-post","status-publish","format-standard","hentry","category-upsc","category-prelims","tag-indian-economy","years-53"],"acf":[],"taxonomy_info":{"category":[{"value":1,"label":"UPSC"},{"value":3,"label":"Prelims"}],"post_tag":[{"value":38,"label":"Indian Economy"}],"years":[{"value":53,"label":"2020"}]},"featured_image_src_large":false,"author_info":{"display_name":"LotusArise","author_link":"https:\/\/lotusarise.com\/qna\/author\/team-lotusarise"},"comment_info":0,"category_info":[{"term_id":1,"name":"UPSC","slug":"upsc","term_group":0,"term_taxonomy_id":1,"taxonomy":"category","description":"","parent":0,"count":1269,"filter":"raw","cat_ID":1,"category_count":1269,"category_description":"","cat_name":"UPSC","category_nicename":"upsc","category_parent":0},{"term_id":3,"name":"Prelims","slug":"prelims","term_group":0,"term_taxonomy_id":3,"taxonomy":"category","description":"","parent":1,"count":1251,"filter":"raw","cat_ID":3,"category_count":1251,"category_description":"","cat_name":"Prelims","category_nicename":"prelims","category_parent":1}],"tag_info":[{"term_id":38,"name":"Indian Economy","slug":"indian-economy","term_group":0,"term_taxonomy_id":38,"taxonomy":"post_tag","description":"","parent":0,"count":225,"filter":"raw"}],"_links":{"self":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/1705","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/comments?post=1705"}],"version-history":[{"count":0,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/1705\/revisions"}],"wp:attachment":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/media?parent=1705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/categories?post=1705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/tags?post=1705"},{"taxonomy":"years","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/years?post=1705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}